• Linkdin

Dull trading in China's domestic PTA spot market

30 Oct '12
1 min read

Scarce actual negotiations took place in China’s domestic purified terephthalic acid (PTA) spot market on October 29.
 
In East China, PTA market offers were around 8,300 yuan/ton, and buyers bid for price of around 8,200 yuan/ton, while the negotiated price was around 8,250 ytuan/ton.
 
For PTA imported from Taiwan, prices were quoted in the range of US$ 1,090-1,095/ton on October 29. Downstream manufacturers bid for prices in the range of US$ 1,080-1,085/ton, and actually negotiated price was around US$ 1,085/ton. However, trading was dull.
 
For Korean produced cargo, PTA prices were in the US$ 1,100-1,105/ton, bids from buyers were in the range of US$ 1,090-1,095/ton and negotiations took place in the price range of US$ 1,095-1,100/ton.
 

Fibre2fashion News Desk - China

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